El Salvador Makes Bitcoin Legal Tender

The theoretical barriers to Bitcoinization just collapsed

Jun 13, 2021

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Last week El Salvador passed a bill making Bitcoin legal tender alongside the dollar. In a stroke, this cuts through the key theoretical roadblocks against worldwide Bitcoinization. Potentially leading to a “tipping point” towards Bitcoin’s adoption as, not just “digital gold,” but as an actual replacement for government money.

18 months ago, Professors …

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